OSVAX

Dividend Opportunity Fund

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1

Fact Sheet Prospectus and Fund Reports

Overview

The Strategy typically invests in dividend-paying value stocks.

Inception Date: November 26, 2002

Investment Style: Dividend Value

Fund Index: Russell 3000® Value Index

CUSIP: 00141B659

NAV: (as of 08/23/2019); $23.18

Total Assets: (as of 07/31/2019); $254.48 MM

Gross Expense Ratio: (as of 07/31/2019); 1.23%

Net Expense Ratio

(as of 07/31/2019)

1.14%

Performance

Average Annual Total Returns

Dividends

Calendar Year Returns

Capital Gains Distributions

Domestic Equity

Dividend Opportunity Fund

CLASS A: OSVAX

Average Annual Returns as of 06/30/2019

Average Annual Returns as of 07/31/2019

as of 07/31/2019

as of 06/30/2019

Include Sales Charge

	Cumulative		Annualized
	ytd as of 2019-06-30	1 yr	3 yr	5 yr	10 yr	since inception
Dividend Opportunity Fund (NAV) As of Quarter end 06/30/2019	14.88%	5.90%	8.88%	6.21%	9.85%	7.83%
Russell 3000® Value Index As of Quarter end 06/30/2019	16.05%	7.34%	10.19%	7.31%	13.14%	-

	Cumulative		Annualized
	ytd as of 2019-06-30	1 yr	3 yr	5 yr	10 yr	since inception
Dividend Opportunity Fund (with sales charge) As of Quarter end 06/30/2019	8.54%	0.08%	6.86%	5.02%	9.23%	7.46%
Russell 3000® Value Index As of Quarter end 06/30/2019	16.05%	7.34%	10.19%	7.31%	13.14%	-

	Cumulative		Annualized
	ytd as of 2019-07-31	1 yr	3 yr	5 yr	10 yr	since inception
Dividend Opportunity Fund (NAV) As of month end 07/31/2019	14.84%	2.89%	7.72%	6.45%	9.07%	7.78%
Russell 3000® Value Index As of month end 07/31/2019	16.96%	4.23%	9.36%	7.93%	12.31%	-

	Cumulative		Annualized
	ytd as of 2019-07-31	1 yr	3 yr	5 yr	10 yr	since inception
Dividend Opportunity Fund (with sales charge) As of month end 07/31/2019	8.52%	-2.78%	5.70%	5.25%	8.46%	7.42%
Russell 3000® Value Index As of month end 07/31/2019	16.96%	4.23%	9.36%	7.93%	12.31%	-

Gross Expense Ratio: 1.23% | Net Expense Ratio: 1.14%

The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions, and a 5.50% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

Calendar Year Returns as of 07/31/2019

as of 07/31/2019

View Table Graph Print

Year	Dividend Opportunity Fund	Russell 3000® Value Index 3
2003	39.67%	31.14%
2004	16.50%	16.94%
2005	9.12%	6.85%
2006	20.46%	22.34%
2007	4.01%	-1.01%
2008	-46.94%	-36.25%
2009	41.22%	19.76%
2010	19.34%	16.23%
2011	-10.84%	-0.10%
2012	11.68%	17.55%
2013	23.45%	32.69%
2014	4.95%	12.70%
2015	0.24%	-4.13%
2016	13.67%	18.40%
2017	14.40%	13.19%
2018	-8.87%	-8.58%

Cumulative Returns & Income Dividends

View Table Graph Print

Date	Dividends
12/14/2009	0.1394
12/14/2011	0.0471
12/12/2012	0.0968
12/5/2013	0.2441
12/30/2013	0.0512
3/19/2014	0.1372
6/18/2014	0.1585
9/17/2014	0.1413
12/2/2014	0.1182
3/17/2015	0.1294
6/16/2015	0.1312
9/22/2015	0.1314
12/1/2015	0.121
3/22/2016	0.1297
6/21/2016	0.1354
9/20/2016	0.1408
12/1/2016	0.2201
3/21/2017	0.137
6/20/2017	0.1379
9/19/2017	0.1378
12/1/2017	0.1341
3/20/2018	0.1321
6/19/2018	0.1356
9/18/2018	0.1382
12/10/2018	0.1634
3/19/2019	0.1312
6/20/2019	0.1378

Capital Gains and Distributions ($ per share) as of 08/23/2019

$ per share as of 08/23/2019

Date	2014	2015	2016	2017	2018
Short Term	—	—	—	—	0.0364
Long Term	—	—	—	—	0.3644
Total Amount of Distribution	—	—	—	—	0.4009
Record Date	—	—	—	—	12/7/18
Ex Div Date	—	—	—	—	12/10/18
Pay Date	—	—	—	—	12/10/18

Portfolio

Top Issuers

4

(43.2% of assets as of 07/31/2019)

Domestic Equity

Dividend Opportunity Fund

CLASS A: OSVAX

Portfolio Holdings Breakdown as of 07/31/2019

Portfolio Holdings Breakdown

4

Country

Developed Markets

Emerging Markets

Equity Sector

Industry

Asset Allocation

Market Cap ⁵

Country	Dividend Opportunity Fund	Russell 3000® Value Index	Overweight / Underweight
United States	67.4%	100.0%	-32.6%
United Kingdom	10.0%	-	-
Japan	4.6%	-	-
Canada	2.2%	0.0%	2.1%
Switzerland	1.9%	-	-
Germany	1.9%	-	-
Netherlands	1.5%	-	-
Australia	1.2%	-	-
Spain	0.8%	-	-
France	0.5%	-	-
Taiwan	0.5%	-	-

Developed Markets	Dividend Opportunity Fund	Russell 3000® Value Index	Overweight / Underweight
Americas	69.6%	100.0%	-30.4%
Europe	16.6%	-	-
Asia Pacific	5.8%	-	-

Emerging Markets	Dividend Opportunity Fund	Russell 3000® Value Index	Overweight / Underweight
Asia Pacific	0.5%	0.0%	0.5%

Equity Sector	Dividend Opportunity Fund	Russell 3000® Value Index	Overweight / Underweight
Consumer Staples	12.7%	8.5%	4.3%
Health Care	11.9%	12.1%	-0.1%
Financials	10.9%	24.3%	-13.4%
Energy	9.9%	8.8%	1.1%
Information Technology	9.7%	6.3%	3.4%
Industrials	8.3%	9.8%	-1.5%
Communication Services	7.0%	7.7%	-0.7%
Utilities	6.9%	6.4%	0.5%
Consumer Discretionary	6.6%	6.2%	0.4%
Materials	4.9%	4.4%	0.6%
Real Estate	3.5%	5.5%	-2.0%

Industry	Dividend Opportunity Fund	Russell 3000® Value Index	Overweight / Underweight
Oil Gas & Consumable Fuels	9.9%	7.9%	2.0%
Pharmaceuticals	8.5%	4.6%	3.9%
Banks	6.9%	11.5%	-4.5%
Diversified Telecommunication Services	6.2%	3.5%	2.7%
Beverages	5.2%	1.0%	4.2%
Electric Utilities	4.9%	3.7%	1.2%
Equity Real Estate Investment Trusts (REITs)	3.5%	5.3%	-1.9%
Communications Equipment	3.0%	0.3%	2.7%
Tobacco	2.9%	1.2%	1.7%
Insurance	2.8%	4.5%	-1.8%
Automobiles	2.7%	0.7%	2.1%
Software	2.5%	0.3%	2.2%
Household Products	2.4%	2.7%	-0.3%
Chemicals	2.4%	3.0%	-0.5%
Aerospace & Defense	2.3%	1.7%	0.6%
Health Care Equipment & Supplies	2.0%	3.3%	-1.3%
Multi-Utilities	2.0%	1.9%	0.1%
Metals & Mining	2.0%	0.7%	1.3%
Multiline Retail	2.0%	0.5%	1.5%
Trading Companies & Distributors	1.9%	0.3%	1.6%

Asset Allocation	Dividend Opportunity Fund	Russell 3000® Value Index	Overweight / Underweight
Equity	92.4%	100.0%	-7.6%

Market Cap	Dividend Opportunity Fund	Russell 3000® Value Index	Overweight / Underweight
Large	80.1%	71.5%	8.6%
Mid	9.6%	21.2%	-11.7%
Small	2.8%	7.3%	-4.5%

Analytics

Domestic Equity

Dividend Opportunity Fund

CLASS A: OSVAX

Analytics as of 07/31/2019

(As of 07/31/2019)

Morningstar 07/31/2019 (based on risk adjusted performance)

Overall Rating

Number of Funds

1086

Meggan Walsh

Senior Portfolio Manager

Robert Botard

Portfolio Manager

Kristina Bradshaw

Portfolio Manager

Chris McMeans

Portfolio Manager

Documents

1. There is no guarantee that the issuers of stocks will declare dividends in the future, or that dividends will remain at their current levels or increase over time. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Mid-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a mid-sized company, if any gain is realized at all. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile.
2. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. Total annual fund operating expenses after any contractual fee waivers and/or expense reimbursements by the adviser in effect through May 28, 2021. See current prospectus for more information.
3. The Russell 3000® Value Index measures the performance of the broad value segment of the U.S. equity universe. It includes those Russell 3000 companies with lower price-to-book ratios and lower forecasted growth values. The index is unmanaged and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
4. Holdings are subject to change, and are dollar weighted based on total new assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the Fund’s net asset value and fluctuations of dividends and distributions paid by the Fund.
5. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund's prospectus.
6. The dividend (or distribution) yield is based on the pay date immediately preceding the nearest month-end or quarter-end. The dividend yield for each share class is calculated by annualizing the dividend distributed by the class on that date and dividing that figure by the class's net asset value on that date. For the Class A dividend yield with sales charge, the annualized Class A dividend distribution is divided by the Class A maximum offering price on that date. Each result is compounded semiannually and annualized. Falling share prices artificially increase yields.
A. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. Past performance is no guarantee of future results ↩
B. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 star s, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Invesco Oppenheimer Dividend Opportunity Fund was rated against the following numbers of Large Value funds over the following time periods: the fund was rated 2 stars among 1086 funds in the last three years, 3 stars among 949 in the last five years, and 1 stars among 691 in the last ten years. Past performance does not guarantee future results. ↩
C. The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions, and a 5.50% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges. ↩